Patrick J. Bartels, Jr. Purchases 58,104 Shares of Douglas Elliman Inc. (NYSE:DOUG) Stock

Douglas Elliman Inc. (NYSE:DOUG) Director Patrick J. Bartels, Jr. purchased 58,104 shares of Douglas Elliman stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $1.92 per share, with a total value of $111,559.68. Following the completion of the transaction, the director now owns 193,975 shares of the company’s stock, valued at $372,432. This represents a 42.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Douglas Elliman Price Performance

Shares of NYSE DOUG opened at $2.05 on Wednesday. The stock has a market cap of $181.47 million, a PE ratio of -1.99 and a beta of 1.52. Douglas Elliman Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62. The stock has a fifty day moving average of $1.72 and a 200-day moving average of $1.86.

Douglas Elliman (NYSE:DOUG) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $223.19 million. Douglas Elliman had a negative net margin of 8.81% and a negative return on equity of 22.85%.

Institutional Investors Weigh In On Douglas Elliman

Several large investors have recently added to or reduced their stakes in DOUG. Golden State Wealth Management LLC bought a new stake in Douglas Elliman during the fourth quarter valued at $25,000. Boothbay Fund Management LLC bought a new stake in Douglas Elliman during the fourth quarter valued at $27,000. Alpine Global Management LLC bought a new stake in Douglas Elliman during the fourth quarter valued at $28,000. US Bancorp DE boosted its stake in Douglas Elliman by 36,851.9% during the fourth quarter. US Bancorp DE now owns 19,954 shares of the company’s stock valued at $33,000 after buying an additional 19,900 shares during the period. Finally, Atria Investments Inc boosted its stake in Douglas Elliman by 39.6% during the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company’s stock valued at $48,000 after buying an additional 8,095 shares during the period. Institutional investors own 59.56% of the company’s stock.

Douglas Elliman Company Profile

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.